Industry experts that specialize on determining the future resale value of a vehicle project total new vehicle sales, including fleet deliveries, will reach 1,130,500 units in January, down 1.5 percent from a year ago.

This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 17.5 million units for the month, down from an 18.4 million-unit SAAR a year ago. Excluding fleet sales, U.S. retail deliveries of new cars and light trucks should remain flat with 923,369 units.

“Exceptionally strong sales to close out 2016led to a slow start in January, but additional incentives towards the end of the month helped pick up the slack,” said Eric Lyman, ALG’s chief industry analyst.

Incentive spending by automakers averaged an estimated $3,635 per vehicle in January, up 21.6 percent from a year ago, and down 3.3 percent from December 2016.

“On a year-over-year basis, Honda is gaining about 0.5 percent market share on the continued popularity of its new products in the compact utility and pick up segments,” said Lyman.